Bajaj Finserv hits 52-week high; Finance soars 4% ahead of mortgage arm IPO

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Bajaj Finserv hits 52-week high; Finance soars 4% ahead of mortgage arm IPO - Business Standard

Quick Summary:

Bajaj Finserv hit a 52-week high of Rs 1,771.50, up 3.

The IPO will have a special quota for shareholders of Bajaj Finserv and Bajaj Finance, both of whom are classified as ‘promoters’.

The board has also set up a committee to undertake various steps for the same."BHFL plans to get listed by September 2025 as per regulatory requirement, and there would be a capital raise of Rs 4,000 crore during an IPO.